And so, as we enjoy our short, hot summer, a new generation of university graduates return their rented gowns and mortar boards and head off into the big, wide world... some, young as they are, will have a business idea that will change the world.

The phrase 'Olympic legacy' has been reverberating around the ears of every British citizen, and by now it is beginning to make a bit of a racket. And as we arrive at the one year anniversary of what was an awe-inspiring event and survey the scene, everyday inhabitants of this fantastic island are forced to question the reality of said legacy.

The Games, "Our Games". are like an iceberg, it's only when you look a bit deeper do you see the real size of what truly exists. We should celebrate our Anniversary Games. The London 2012 Games were a special moment in our lifetime and, yes, they were worth it!

Some good public sector building blocks are already in place. For instance, the Government is in the midst of its biggest ever international marketing campaign, with some private sector support, to secure sustained increases in trade, inward investment, tourism and foreign students. But, more is needed to maximise long-term economic and reputational legacy.

July 2013 is most likely to go down in history as the month the heir to the throne was born (it can't be that much longer, can it?), but this week delivered plenty of other reasons to pop the champagne corks. Whether it was England's cricketers keeping the Aussies in check at Lords, the glorious weather continuing to toast the country from top to toe, or the historical moment when gay marriage finally became legal, cracking a smile hasn't been difficult these past seven days.

Needless to say, expectations are high of another successful run here at Flushing Meadows next month. Rugby followers may have noticed that two days before Andy Murray's achievement the British and Irish Lions won their first Test series victory since 1997, in Australia. So after a long drought we Brits are beginning to enjoy the taste of victory.

The psychologically challenging and spiritually intense month-long practice is meant to bring a positive change in individual and community life. Behind the natural anguish of fasting lies a unique opportunity for a believer to go through deeper meaning of life - their fleeting existence on earth.

Being part of a successful and competitive team means the biggest challenge is not when we perform on the international stage, but to be selected. As such, each day is a chance to impress the coaching team, each day is a chance to become an Olympic medallist.

The reality is that Brazil is not just developing for itself. If this was the case it would be focusing on provision of public services considerably more. But in an era of globalisation it is staging development for the world and so priorities have changed. Therefore it is easy to criticise the Brazilian government for skewing its development focus, but it has too many actors to please.

For one joyful summer we wrapped ourselves in Team GB's Union Jack, stylishly redesigned by Stella McCartney . Of course it is a beacon of hope when that flag is worn to celebrate athletes whatever their colour, faith or gender, Olympian or Paralympian .

Sitting in the launderette reading a copy of last week's TV Guide, I contemplated my upcoming BAFTA attendance. More specifically, I'd just worked out that by the time I'd stuck my smalls in the dryer and lugged them all the way home down Balham High Road I would have just under one hour to prepare.

Olympic athlete Chris Hoy, 37, recently announced his retirement from competitive cycling after winning 11 world titles. Retirement is often treated as a taboo subject in the world of sport so what happens to sports figures when they retire and why do so many struggle to cope?